This comes on the back of dwindling equity markets and a drop in the rupee’s value. The Sensex has fallen 20.5 per cent since the beginning of the year. Returns in dollar terms are worse, at -23.7 per cent.
Foreign investors who have invested in dollars will be worse off than domestic ones.
Individual companies, too, fell below key levels. Both the Indian firms that had an m-cap of more than $100 billion have fallen below the triple-figure mark.